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The worst drought in more than century struck southwest China and Sichuan in the summer of 2006. Chonquing suffered repeated heat waves, record highs of 44.5̊C and hardly any rain in July or August. In the grain producing areas of Sichuan huge swath of farmland withered after rainfall in the rainy season in early summer was the lowest since 1947.
Egyptian workers pack oranges on conveyors inside a packhouse located in Beheira province, north of Cairo, capital of Egypt, on Jan. 24, 2018. Thanks to the fast-growing demand in China for quality fruits, Egypt has witnessed a rapid increase in its citrus exports to China in the past years, which has led many Egyptian citrus farms to prosper.
The current U.S.-China trade spat may widen to include more economies if President Donald Trump ends up subsidizing American farmers further, experts said.
India and China have jointly prepared a paper in which they have argued that the subsidies given under this flexibility by developed members including the US, EU and Canada amounts to nearly $160 bn.
China’s agricultural policy has undergone a fundamental transformation in the four decades since the introduction of market reforms in 1978 and now involves a wide array of policy instruments that range from output and input subsidies to public infrastructure expenditures. This article analyzes the political-economic determinants of China’s agricultural subsidy changes using producer subsidy equivalents (PSEs) drawn from annual data from 1984 to 2015 on 16 agricultural commodity sectors that include multiple policy instruments. Empirical results indicate that national factors, such as high rates of economic growth and a lower share of agriculture in the economy, have been the primary drivers of increases in PSEs, and that larger, more geographically concentrated agricultural sectors are more likely to be subsidized at a higher PSE rate. Finally, China’s joining the World Trade Organization in December 2001 led to significant increases in PSEs that were not already explained by internal national or commodity-specific factors. In essence, China’s agricultural subsidy programs and levels increasingly resemble those of developed countries, primarily as a result of economic tran
The U.S. brought a trade complaint to the World Trade Organization alleging China is offering excessive support for the production of corn, rice and wheat, in the process denying American farmers the ability to compete fairly for exports.
A string of agricultural overhauls has set up China to import more grains and other commodities, with significant consequences for global markets. Farmers from Brazil to the U.S. and Thailand stand to benefit.
By Dominique Patton and Hallie GuBEIJING, June 20 (Reuters) - China will spend almost twice as much this year on subsidies to encourage farmers in the northeast to reduce corn plantings as it intensifies its push to rebalance grain stocks.The country will issue 2.56 billion yuan ($374.95 million) in funds to pay farmers subsidies to rotate their corn plantings with other crops every other year as well as to leave some land fallow, the Ministry of Finance said on Tuesday.
While agricultural subsidies could perpetuate inefficiencies in some areas, they have the potential to modernise the Chinese agricultural system and help reduce environmental pollution.
FAS provides summaries of the latest USDA quarterly forecasts for U.S. trade in agricultural products and a link to the joint FAS/ERS publication Outlook for U.S. Agricultural Trade.
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